South Korea’s Exports Rise for First Time in Four Months
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South Korea’s exports unexpectedly rose for the first time in four months as demand from emerging-market countries offset the effects of a slowdown in major economies.
Overseas shipments rose 1.2 percent in October from a year earlier, after a revised 2 percent decline in September, the Ministry of Knowledge Economy said in a statement today. The median estimate in a Bloomberg News survey of 16 economists was for a 0.7 percent decline. Consumer prices rose 2.1 percent last month from a year ago.